Harboes Bryggeri Cash Flow Statement

Financials in millions DKK. Fiscal year is May - April.

Millions DKK. Fiscal year is May - Apr.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jan '26 Jan 31, 2026	Apr '25 Apr 30, 2025	Apr '24 Apr 30, 2024	Apr '23 Apr 30, 2023	Apr '22 Apr 30, 2022	Apr '21 Apr 30, 2021
Net Income	27.93	44.8	54.76	-4.31	0.04	5.21
Depreciation & Amortization	80.49	78.47	80.69	86.06	91.37	88.12
Other Amortization	0.2	0.2	0.22	0.89	3.7	3.34
Loss (Gain) From Sale of Assets	-8.2	-7.2	-0.99	-	0.03	3.33
Asset Writedown & Restructuring Costs	-	-	-	1.12	4.71	2.96
Other Operating Activities	-2.99	-5.38	7.36	-14.8	-21.96	-14.5
Change in Accounts Receivable	-	-	-	-	-40.97	2.23
Change in Inventory	-	-	-	-	-20.2	29.78
Change in Accounts Payable	-	-	-	-	40.69	-47.05
Change in Other Net Operating Assets	2.15	-24.77	39.97	-127.4	37.16	-56.16
Operating Cash Flow	99.58	86.12	182.01	-58.79	100.13	21.41
Operating Cash Flow Growth	103.16%	-52.68%	-	-	367.70%	-85.86%
Capital Expenditures	-37.67	-115.71	-117.72	-61.52	-49.45	-45.4
Sale of Property, Plant & Equipment	15.91	16.11	2.2	3.63	0.21	9.54
Sale (Purchase) of Intangibles	-	-	-	-	-1.22	-0.76
Investment in Securities	-	-	-	0.82	3.31	0.36
Other Investing Activities	-	-	-	-	0.03	-
Investing Cash Flow	-21.76	-99.59	-115.52	-57.07	-47.12	-36.26
Long-Term Debt Issued	-	49.92	-	94.83	2.72	12.87
Long-Term Debt Repaid	-	-30.75	-42.78	-15.99	-26.11	-27.05
Net Debt Issued (Repaid)	-81.14	19.17	-42.78	78.84	-23.38	-14.18
Common Dividends Paid	-8.45	-8.45	-	-	-	-
Financing Cash Flow	-89.59	10.73	-42.78	78.84	-23.38	-14.18
Miscellaneous Cash Flow Adjustments	0.06	0.06	0.05	0.29	-0.18	-0.28
Net Cash Flow	-11.71	-2.69	23.77	-36.73	29.45	-29.3
Free Cash Flow	61.91	-29.59	64.29	-120.3	50.68	-23.99
Free Cash Flow Margin	3.60%	-1.62%	3.54%	-7.42%	3.57%	-1.81%
Free Cash Flow Per Share	-	-7.01	15.22	-28.49	12.00	-5.68
Cash Interest Paid	9.49	9.49	9.74	7.51	5.12	6.56
Cash Income Tax Paid	14.69	14.69	3.59	6.53	11.93	8.07
Levered Free Cash Flow	89.96	2.13	53.93	-117.6	40.73	-18.51
Unlevered Free Cash Flow	96.44	8.06	60.02	-112.91	43.92	-14.42
Change in Working Capital	2.15	-24.77	39.97	-127.4	16.68	-71.19

Source: S&P Global Market Intelligence. Standard template. Financial Sources.